RetroFed Forum

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yogthos@lemmy.ml Joined: 2020-01-18

Link: https://au.finance.yahoo.com/news/why-goldman-sachs-says-chinas-economy-is-better-than-the-us-in-handling-oil-shock-142610418.html

UnrefinedChihuahua@lemmy.dbzer0.com Joined: 2024-04-13

Aren't they the largest consumer of coal by a longshot?

ShinkanTrain@lemmy.ml Joined: 2024-06-13

Is the answer "because it is"?

ShinkanTrain@lemmy.ml Joined: 2024-06-13

They are the world's second largest consumer of oil, behind the US, followed by India.

yogthos@lemmy.ml Joined: 2020-01-18

More specifically because China is a planned economy with a competent government in charge. They saw this looming decades away, made plans to insulate themselves, and put them into action.

Welcome to the nostalgia-filled piefed instance of yesteryear.

Open Registration with Application questionnaire.

If you have a question or comment you can post in !meta@retrofed.com or message @DosDude@retrofed.com or @Die4Ever@retrofed.com

In case of downtime and/or emergency, we will post updates on @DosDude@mastodon.social

Some rules we try to uphold:

Be civil. Bigotry is not welcome. This includes (but is not limited to): transphobia, queerphobia, racism, ageism and ableism. We do not promote hate.
Communities need to be Retro or Retro-adjacent.
Please don't upload pornographic content. (use an external image host for that)